The U.S. and Filipino navies kicked off a three-week war game exercise that included drills in the South China Sea as tensions with Beijing increased and just after the U.S. House of Representatives passed a $95 billion war-funding bill with $8 billion earmarked for Taiwan.
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LUXURY FIRM LVMH POSTS DISAPPOINTING QUARTERLY RESULTS
LVMH, the luxury house that owns Louis Vuitton fashion, Moët & Chandon champagne, and other high-ticket brands, posted first-quarter revenue of $21.97 billion, 2 percent below the same period in 2023.
MIDEAST WAR CREATING LONG-TERM REGIONAL ECONOMIC INSTABILITY, IMF SAYS
Israel’s war on terror group Hamas, and the overhanging threat of a larger conflict, has created instability in the Middle East that will result in a long-term negative impact on the region’s economy, the International Monetary Fund (IMF) said in its new World Economic Outlook report.
IMF: U.S. BUDGET DEFICITS POSE “SIGNIFICANT RISKS” TO WORLD ECONOMY
The U.S. government’s growing annual budgets are fueling inflation and create “significant risks” for the global economy, the International Monetary Fund (IMF) wrote in its new World Economic Outlook report.
WORLD ECONOMIC GROWTH WILL SLOW IN COMING YEARS, IMF FORECASTS
The global economy will expand by 3.2 percent this year, due largely to the U.S. economy’s resilience, the International Monetary Fund (IMF) said in its new World Economic Outlook report.
GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community.
WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
U.S. APARTMENT RENTS SLOW THEIR CLIMB
Although U.S. apartment rents continue to climb nationwide, the growth continues to slow from the double-digit annual gains they marked during the COVID War, when record home prices drove rental rates higher with them.
SALES OF EXISTING HOMES FELL IN MARCH
Last month, sales of previously owned homes declined 4.3 percent compared to February and 3.7 percent year on year, the National Association of Realtors (NAR) reported.
STATES MOVE TO BLOCK PRIVATE EQUITY’S HEALTHCARE TAKEOVER
As private equity funds buy healthcare organizations across the country, at least 12 states have taken action to block the sales.